The federal government’s interior department is replacing an Obama-era initiative to review and overhaul the federal coal leasing program with a new panel of up to 28 members who will give Interior Secretary Ryan Zinke recommendations on adjusting royalty rates for coal, oil, and gas.
The U.S. Interior Department said on Wednesday that it would form a new committee to review royalty rates collected from oil and gas drilling, coal mining and renewable energy production on federal lands to ensure taxpayers receive their full value.
Interior Secretary Ryan Zinke said the committee would advise him on whether the government is getting a fair price from companies that lease public land for energy and natural resource development.
The committee will replace the process put in place by former Interior Secretary Sally Jewell to review and overhaul the federal coal leasing program.
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